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Saints Can Clear $20M In Cap Space

this is a discussion within the Saints Community Forum; Ye of little faith... More than enough to bring a few key FAs. How the New Orleans Saints can quickly trim more than $20 million - ESPN The Saints can easily trim more than $20 million of that cap space ...

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Old 02-19-2015, 11:30 AM   #1
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Saints Can Clear $20M In Cap Space

Ye of little faith...

More than enough to bring a few key FAs.


How the New Orleans Saints can quickly trim more than $20 million - ESPN

The Saints can easily trim more than $20 million of that cap space by converting a handful of roster bonuses into signing bonuses. Thatís part of the "plan" that Saints general manager Mickey Loomis referenced once again on Wednesday. As Loomis has explained, the Saints planned ahead for this and had "mechanisms" built into recent contracts they signed with guys like Junior Galette, Jairus Byrd, Jimmy Graham, and Curtis Lofton.

As of now, their full roster bonuses are counting against the 2015 cap. By converting them to signing bonuses, they can be spread out over the remainder of their contracts.

Here is a more detailed breakdown of how it will work:

Galette: Due a $12.5 million roster bonus. By converting to signing bonus, it will save $10 million against the 2015 cap by spreading it out over five years.

Byrd: Due a $6 million roster bonus. By converting to signing bonus, it will save $4.8 million against the 2015 cap by spreading it out over five years.

Graham: Due a $5 million roster bonus. By converting to signing bonus, it will save $3.33 million against the 2015 cap by spreading it out over three years.

Lofton: Due a $4.5 million roster bonus. By converting to signing bonus, it will save $2.25 million against the 2015 cap by spreading it out over two years.

Total savings: $20.38 million

That leaves another $6 million-plus the Saints must trim by March 10 by either releasing players, working out pay cuts or restructuring current deals. They have plenty of options
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Old 02-19-2015, 11:35 AM   #2
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Re: Saints Can Clear $20M In Cap Space

Plus another, what, $9M by cutting Hawthorne and Bunkley after June 1?
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Old 02-19-2015, 11:44 AM   #3
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Re: Saints Can Clear $20M In Cap Space

Would Brees restructuring this year save us some more as well?
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Old 02-19-2015, 11:55 AM   #4
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Re: Saints Can Clear $20M In Cap Space

Originally Posted by dizzle88 View Post
Would Brees restructuring this year save us some more as well?
Probably around 10 mil.
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Old 02-19-2015, 12:27 PM   #5
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Re: Saints Can Clear $20M In Cap Space

Originally Posted by saintsfan1976 View Post
Plus another, what, $9M by cutting Hawthorne and Bunkley after June 1?
I want to like Bunkley. He seems to have the tools, and he really helped last year by taking a pay cut. The guy just hasn't produced in 2 years, and isn't worth near the $4.4 he would get if he stayed.

I like Hawthorne and think he'll take the lower salary
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Old 02-19-2015, 12:32 PM   #6
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Re: Saints Can Clear $20M In Cap Space

Checklist:

Figure out Ingram's market value. Other teams will bid, hopefully we can match. If not there's plenty of RBs in the draft.

Fix the O line. Need a Guard, need a Center.

Fix the D line. Need a run-stuffer and depth.

Fix the LBs. Need youth and athleticism. Inside and outside.

Fix the secondary. Need a true #2 CB. NOW.


We could go into training camp with some very interesting pieces.

Give Brees another 2 seconds.
Limit the run.
Limit the deep plays.
Tackle well.
Create a few more turnovers.


I'm digging 2015 already....
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Old 02-19-2015, 12:33 PM   #7
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Re: Saints Can Clear $20M In Cap Space

Originally Posted by ScottF View Post
I want to like Bunkley. He seems to have the tools, and he really helped last year by taking a pay cut. The guy just hasn't produced in 2 years, and isn't worth near the $4.4 he would get if he stayed.

I like Hawthorne and think he'll take the lower salary
Bunkely for one more year ONLY if we draft a stud NT.

Hawthorne for one more year ONLY if we draft a stud LB.

Any key veteran FA signings would make these two obsolete IMO.
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Old 02-19-2015, 12:52 PM   #8
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Re: Saints Can Clear $20M In Cap Space

Originally Posted by saintsfan1976 View Post
Ye of little faith...

More than enough to bring a few key FAs.


How the New Orleans Saints can quickly trim more than $20 million - ESPN
Doing all that still won't get us out the red? We still have to clear another 6 million after the fact just to come out in the black? I'm intrigued to see how this plays out. I know it'll work itself out.
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Old 02-19-2015, 01:10 PM   #9
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Re: Saints Can Clear $20M In Cap Space

Originally Posted by saintsfan1976 View Post
Ye of little faith...

More than enough to bring a few key FAs.


How the New Orleans Saints can quickly trim more than $20 million - ESPN
Da Loomis strikes again and he will figure out a way to get the Saints under the cap and bring a big name free agent to the team as well (see: 2014)

Plus add in a possible:

Colston restructure
Brees restructure
Grubbs restructure (cut IMO)
Evans restructrue

Who dares question the awe mighty powerful Loomis?
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Old 02-19-2015, 01:12 PM   #10
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Re: Saints Can Clear $20M In Cap Space

Originally Posted by rezburna View Post
Doing all that still won't get us out the red? We still have to clear another 6 million after the fact just to come out in the black? I'm intrigued to see how this plays out. I know it'll work itself out.
I keep reading "worst cap situation" in the league. I don't get it either.
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